MULLIGAN-COULSON-SCHOENBERG-MCAULIFFE-KLINGLER. (PARKER-MUNOZ) 205 ILCS 5/6.2 new 205 ILCS 105/1-6e new 205 ILCS 205/1010 new 205 ILCS 305/46.2 new 205 ILCS 635/5-5 new Amends the Illinois Banking Act, the Illinois Savings and Loan Act of 1985, the Savings Bank Act, the Illinois Credit Union Act, and the Residential Mortgage License Act of 1987. Provides that when making a reverse mortgage loan, the lender or broker must inform the mortgagor that by obtaining the reverse mortgage loan the mortgagor's eligibility to obtain a tax deferral under the Senior Citizens Real Estate Tax Deferral Act may be adversely affected. Effective immediately. FEB-07-2002 H FILED WITH CLERK FEB-07-2002 H FIRST READING FEB-07-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-13-2002 H ASSIGNED TO COMMITTEE FIN INSTIT FEB-21-2002 H DO PASS/SHORT DEBATE 018-000-000 HFIN FEB-21-2002 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAR-20-2002 H SECOND READING-SHORT DEBATE MAR-20-2002 H PLCD CAL ORDER 3RD READING-SHORT DEBATE MAR-20-2002 H ADDED AS A JOINT SPONSOR COULSON MAR-21-2002 H THIRD READING/SHORT DEBATE/PASSED 111-000-001 MAR-21-2002 H ADDED AS A JOINT SPONSOR SCHOENBERG MAR-21-2002 H ADDED AS A JOINT SPONSOR MCAULIFFE MAR-21-2002 H ADDED AS A JOINT SPONSOR KLINGLER APR-02-2002 S ARRIVE IN SENATE APR-02-2002 S PLACED CALENDAR ORDER OF FIRST READING 02-04-03 APR-02-2002 S CHIEF SPONSOR PARKER APR-03-2002 S FIRST READING APR-03-2002 S REFERRED TO SENATE RULES COMMITTEE RULES APR-04-2002 S ADDED AS A CHIEF CO-SPONSOR MUNOZ APR-10-2002 S ASSIGNED TO COMMITTEE FIN INST APR-18-2002 S DO PASS 009-000-000 SFIC APR-18-2002 S PLACED ON CALENDAR ORDER OF 2ND READING 02-04-23 APR-23-2002 S SECOND READING APR-23-2002 S PLACED ON CALENDAR ORDER OF 3RD READING 02-04-24 APR-25-2002 S THIRD READING - PASSED 056-000-000 APR-25-2002 H PASSED BOTH HOUSES MAY-24-2002 H SENT TO THE GOVERNOR JUN-26-2002 H GOVERNOR APPROVED JUN-26-2002 H EFFECTIVE DATE 02-06-26 JUN-26-2002 H PUBLIC ACT.............................. 92-0577 END OF INQUIRY Full Text Bill Summary